answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kipiarov [429]
1 year ago
6

A sporting goods store purchased $7,000 of ski boots in October. The store had $3,000 of ski boots in inventory at the beginning

of October, and expects to have $2,000 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October?
a. $5,700
b. $8,000
c. $10,000
d. $9,500
Business
2 answers:
Leno4ka [110]1 year ago
8 0

Answer:

The answer is $8000 B)

Explanation:

We're given the following information

Opening stock of ski boots for october - $ 3000

Purchases for october - $ 7000

Closing inventory at end of october - $ 2000

We can use the following inventory to determine the cost of good sold / cost of sales

Opening Inventory + Purchases - Closing Inventory = Cost of Sales

We now apply the formula

3000 + 7000 - 2000 = 8000

The answer is therefore B) $8000

If we use this as the cost of sales figure we're left with $ 2000 worth of ski boots at the end of the month too. Therefore this figure is correct

ElenaW [278]1 year ago
4 0

Answer:

The answer is B. $8,000

Explanation:

From the question above, we have the following:

Cost of goods purchased= $7,000

Cost of goods in inventory= $3,000

Expected cost of inventory goods at the end of October = $2,000

To get the budgeted cost of goods sold in October, we calculate thus:

=> $7,000 + $3,000

=> $10,000

Because we expect that there will be a leftover of $2,000 inventory, we say:

=> $10,000 - $2,000

=> $8,000.

Option B.

You might be interested in
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise):A building wi
-BARSIC- [3]

Answer:

cash flow used from investing activities              215,000

Explanation:

Investing activities

proceed from sale of building    500,000

Investment Fleet Corp.               (120,000)

Equipment purchased                 (65,000)

loan to suppliers                         (100,000)

cash flow used

from investing activities              215,000

The common stock and dividend are financing

The land was acquire with a note payable, it do not involve cash.

the loan is made by the company to a supplies, it will be returned with interest, not goods, so is investing.

8 0
1 year ago
Amor, a successful brand of women's clothing, recently introduced a line of fitness equipment. this is an example of ________.
gladu [14]

Amor, a successful brand of women's clothing, recently introduced a line of fitness equipment. This is an example of diversification. Diversification describes the processes of having diverse product offerings. When you diversify, you are differentiating your products to meet more needs for consumers. Since the brand of clothing recently introducted a line of fitness equipment, they are diverisfying themselves by branching out into other markets.

4 0
1 year ago
On January 1, 2020, Cracker Co. purchased 40% of Dallas Corp.'s common stock at book value of net assets. The balance in Cracker
Sav [38]

Answer: $680,000

Explanation:

From the question, we are informed that Cracker Co. purchased 40% of Dallas Corp.'s common stock at book value of net assets on January 1, 2020 and that the balance in Cracker's Equity Investment account was $820,000 at December 31, 2020.

We are further told that Dallas reported net income of $500,000 for the year ended December 31, 2020, and paid dividends totaling $150,000 during 2020.

The amount paid by Cracker Co. for its 40% interest in Dallas Corp goes thus:

It should be noted that the balance in Cracker's Equity Investment account as at December 31st 2020 is the addition of the acquisition price and the share in net income after which the dividend share is deducted from the value of the addition gotten. This can be written as:

Acquisition price + (500000 × 40%) -(150000 × 40%) = $820,000

Acquisition price + (500000 × 0.4) -(150000 × 0.4) = $820,000

Acquisition price + $200,000 - $60,000 = $820,000

Acquisition price = $820,000 + $60,000 - $200,000

Acquisition price = $680,000

Cracker Co. paid $680,000 for its 40% interest in Dallas Corp.

4 0
2 years ago
A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is kno
raketka [301]

Here is the correct question.

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answer:

the minimum design factor that will guarantee that the part will not fail. = 1.434

Explanation:

Looking at the uncertainty; loss of strength must be raised to \dfrac{1}{0.85} due to the stress that causes the failure (strength)  is known within ±15% uncertainty.

Looking at the uncertainty; the maximum allowable load  must be reduced to \dfrac{1}{1.1} because the load is known with an uncertainty of ±10.

Looking at the uncertainty; the diameter must be raised to \dfrac{1}{0.95}  because the diameter is known within an uncertainty of ±5.

The decrease in the maximum allowable stress can be estimated as:

\sigma' = \dfrac{P'}{A'}

where,

\sigma = stress

P = load

A = cross-sectional area of the cylinder

∴

\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}

replacing P' with \dfrac{1}{1.1}P   and d' with \dfrac{1}{0.95}d, we have:

\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }

\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times 0.82045

\dfrac{\sigma' }{\sigma } =0.82045

Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045

Now, the minimum design factor that will ascertain that the part will not fail can be computed as:

n_d = \dfrac{loss  \ of  \ function \  parameter }{maximum \  allowable \ parameter}

where;

the design factor = n_d

n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}

the design factor  n_d = 1.434.

Thus,  the minimum design factor that will guarantee that the part will not fail. = 1.434

7 0
1 year ago
In addition, your MARGIN PER UNIT must cover another set of important but potentially large costs. To investigate these addition
babymother [125]

Effect of Contribution Margin on the other costs is given below

Explanation:

1.Contribution margin per unit is the net amount that each additional unit sold contributes towards a company's fixed costs and profit. It equals the difference between the product's sales price and variable cost per unit.It represents the incremental money generated for each product/unit sold after deducting the variable portion of the firm's costs.Also known as dollar contribution per unit, the measure indicates how a particular product contributes to the overall profit of the company. It provides one way to show the profit potential of a particular product offered by a company and shows the portion of sales that helps to cover the company's fixed costs. Any remaining revenue left after covering fixed costs is the profit generated.

2.The Formula for Contribution Margin Is

The contribution margin is computed as the difference between the sale price of a product and the variable costs associated with its production and sales process.

Contribution Margin=Sales Revenue - Variable Costs

3.The contribution margin is the foundation for break-even analysis used in the overall cost and sales price planning for products. The contribution margin helps to separate out the fixed cost and profit components coming from product sales and can be used to determine the selling price range of a product, the profit levels that can be expected from the sales, and structure sales commissions paid to sales team members, distributors or commission agents.

4,The contribution margin represents the portion of a product's sales revenue that isn't used up by variable costs, and so contributes to covering the company's fixed costs.

The concept of contribution margin is one of the fundamental keys in break-even analysis.

Low contribution margins are present in labor-intensive companies with few fixed expenses, while capital-intensive, industrial companies have higher fixed costs and thus, higher contribution margins

3 0
1 year ago
Other questions:
  • Iron triangles have given way to _____ over the years. intergovernmental lobbying issue networks reverse lobbying iron squares
    12·1 answer
  • An artist buys scrap metal from a local steel mill as a raw material for her sculptures. Last​ year, she purchased $7,000 worth
    7·1 answer
  • This month your vendor invoiced $31,500 in testing charges for your production run. The unit cost for testing is twice as much f
    6·1 answer
  • If the quote for a Treasury bond is listed in the newspaper as 98.2812 bid, 98.4062 ask, the actual price at which you can purch
    8·2 answers
  • An insurance company has offered your friend the choice of $45,000 per year for 15 years, with the first payment being made toda
    10·1 answer
  • Four reasons why firms strategically keep dogs in their business portfolio
    10·1 answer
  • In Lurnee, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In South Tyberg, it take
    12·1 answer
  • Trader A enters into futures contracts to buy 1 million euros for 1.1 million dollars in three months. Trader B enters in a forw
    13·1 answer
  • Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company’s inventory balances were as follow
    15·1 answer
  • What do you think makes a speech boring? Explain your answer. in 4-5 sentences.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!